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PE 7-3 Items on company's bank statement EE 7-3 p. 364 The following items may appear on a bank statement: 1. Bank correction of an

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PE 7-3 Items on company's bank statement EE 7-3 p. 364 The following items may appear on a bank statement: 1. Bank correction of an error from posting another customer's cheque to the company's account 2. EFT deposit 3. Loan proceeds 4. NSF cheque Using the format shown below, indicate whether each item would appear as a debitor credit memo on the bank statement and whether the item would increase or decrease the balance of the company's bank account Appears on the Bank Statement as Increases or Decreases the a Debit or Credit Balance of the Company's Item No. Bank Account Memo NEL Methit party content

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